Ford Q2 sales drop 10.3% due to F-Series production issues, falling EV demand

 Ford Motor on Thursday reported a 10.3% decline in its second-quarter U.S. new vehicle sales as the company battled a supplier issue for its F-Series pickup trucks and a significant decline in all-electric vehicles.

The Detroit automaker said its pure EV sales fell by 40.7% during the quarter compared with a year earlier. Sales of its F-Series trucks, including the F-150, fell 11% as Ford began ramping up production after its top aluminum supplier restarted production following two fires late last year.

“Although customer demand remains high, first-half F-Series sales reflect a retiming of commercial production following last year’s aluminum supply shortages. Ford expects supply to recover more fully in the second half of the year,” Ford said in a release.

Ford sold 549,200 vehicles during the second quarter compared to 612,095 units a year earlier. While that’s among the largest expected industry declines, the results slightly beat Cox Automotive’s expectations for Ford sales to fall 11.5%.